working capital

working capital,

n a firm's investment in short-term assets or cash, short-term securities, accounts receivable, and inventories. Gross working capital is defined as current assets minus current liabilities. If the term working capital is used without further qualification, it generally refers to gross working capital.

7m adjusted for net current assets are expected as per the purchase agreement, which will allow the company to increase cash deployed for earnings-accretive activities, such as strategic acquisitions, debt repayment and organic growth initiatives, as well as other corporate purposes.

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